Varonis Systems Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013 - 2011
Revenue	499.16	473.63	390.13	292.69	254.19	270.29	215.39	165.86	127.21	101.35	Upgrade
Revenue Growth (YoY)	5.39%	21.40%	33.29%	15.15%	-5.96%	25.49%	29.86%	30.39%	25.52%	35.83%	Upgrade
Cost of Revenue	71.75	69.84	59.4	44.26	35.14	27.68	20.71	15.74	12.02	9.91	Upgrade
Gross Profit	427.41	403.8	330.74	248.43	219.05	242.61	194.68	150.13	115.19	91.44	Upgrade
Selling, General & Admin	360.79	347.15	291.55	227.48	214.27	201.77	160.73	125.46	102.47	80.66	Upgrade
Research & Development	183.84	177.88	137.88	99.36	80.76	69.97	47.37	36.66	31.79	28.09	Upgrade
Operating Expenses	544.63	525.03	429.43	326.84	295.03	271.74	208.1	162.12	134.27	108.75	Upgrade
Operating Income	-117.22	-121.23	-98.69	-78.42	-75.99	-29.14	-13.42	-12	-19.07	-17.31	Upgrade
Interest Expense / Income	-30.31	-10.41	12.15	7.48	0.39	-0.97	-2.36	0.89	1.52	1.71	Upgrade
Pretax Income	-86.92	-110.82	-110.84	-85.9	-76.38	-28.17	-11.06	-12.88	-20.6	-19.02	Upgrade
Income Tax	14	13.7	6.02	8.11	2.39	0.41	2.79	1.31	0.69	0.38	Upgrade
Net Income	-100.92	-124.52	-116.86	-94.01	-78.76	-28.58	-13.84	-14.19	-21.28	-19.4	Upgrade
Shares Outstanding (Basic)	109	109	105	94	91	87	82	79	76	64	Upgrade
Shares Outstanding (Diluted)	109	109	105	94	91	87	82	79	76	64	Upgrade
Shares Change	-0.13%	3.78%	11.63%	3.93%	4.26%	5.65%	4.02%	4.79%	18.62%	447.37%	Upgrade
EPS (Basic)	-0.92	-1.14	-1.11	-1.00	-0.87	-0.33	-0.17	-0.18	-0.28	-0.30	Upgrade
EPS (Diluted)	-0.92	-1.14	-1.11	-1.00	-0.87	-0.33	-0.17	-0.18	-0.28	-0.30	Upgrade
Free Cash Flow	54.32	0.5	-3.31	-15.96	-36.06	13.99	11.06	3.52	-7.26	-9.44	Upgrade
Free Cash Flow Per Share	0.50	0.01	-0.03	-0.17	-0.40	0.16	0.13	0.04	-0.10	-0.15	Upgrade
Gross Margin	85.63%	85.26%	84.77%	84.88%	86.17%	89.76%	90.38%	90.51%	90.55%	90.22%	Upgrade
Operating Margin	-23.48%	-25.60%	-25.30%	-26.79%	-29.89%	-10.78%	-6.23%	-7.23%	-14.99%	-17.08%	Upgrade
Profit Margin	-20.22%	-26.29%	-29.95%	-32.12%	-30.99%	-10.57%	-6.43%	-8.56%	-16.73%	-19.14%	Upgrade
Free Cash Flow Margin	10.88%	0.10%	-0.85%	-5.45%	-14.19%	5.18%	5.13%	2.12%	-5.71%	-9.32%	Upgrade
EBITDA	-96.05	-99.75	-79.57	-59.51	-60.64	-24.98	-10.09	-9.82	-17.46	-16.02	Upgrade
EBITDA Margin	-19.24%	-21.06%	-20.40%	-20.33%	-23.86%	-9.24%	-4.68%	-5.92%	-13.72%	-15.81%	Upgrade
Depreciation & Amortization	21.17	21.48	19.12	18.9	15.34	4.16	3.33	2.18	1.62	1.29	Upgrade
EBIT	-117.22	-121.23	-98.69	-78.42	-75.99	-29.14	-13.42	-12	-19.07	-17.31	Upgrade
EBIT Margin	-23.48%	-25.60%	-25.30%	-26.79%	-29.89%	-10.78%	-6.23%	-7.23%	-14.99%	-17.08%	Upgrade

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).